Austria

Benko faces first criminal trial

Signa founder René Benko stood trial Tuesday at Innsbruck's regional court, accused of concealing assets from creditors in the first criminal prosecution over his property empire's collapse.

Benko faces first criminal trial
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Vienna launches bid for Nürnberger

Vienna Insurance Group offered 115 euros per share to acquire German Nürnberger Versicherung, valuing it at about 1.3 billion euros, and was negotiating with major shareholders.

Vienna launches bid for Nürnberger
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Court denies Fritzl conditional release

An Austrian court denied Josef Fritzl's bid for conditional release, with one report saying judges cited persistent delusions and lack of social ties, and his lawyer vowed to appeal.

Court denies Fritzl conditional release
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